Motilal Oswal is bullish on Larsen and Toubro has recommended buy rating on the stock with a target price of Rs 1380 in its research report dated September 13, 2017.

Strong momentum being witnessed across domestic infrastructure verticals – Rail/Metros, T&D, Water, Smart Cities, Airports, and Ports; Hydrocarbons and Defense also witnessing recovery. Digitalization and use of technology in construction a key focus area Expect a revival in manufacturing JVs/subsidiaries over the next few years – investment phase over; time to sweat the assets created. L&T’s projects in the Middle East remain on track and are unaffected by the fall in oil prices over the past year. Its focus in the Middle East is on social infrastructure projects like Roads, Metro Rail, T&D and Stadiums.

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